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Like many Baby Boomers, Peter and Lesley Boyle had trodden the well-worn path of investing in residential property during their wealth accumulation years.
But after retiring they wanted to secure an income stream of at least $100,000 a year, so on the advice of their accountant they sold their two residential investment properties to go all in on buying a single commercial investment property through their trust – and they haven’t looked back.
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Wealth reporterMichelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls.